Following the deal, Instinet, which is owned by Nomura Group, will remain the largest shareholder in the company.

Led by CEO Tal Cohen, Chi-X Global is the holding company for Chi-X Canada, Chi-X Japan and Chi-X Australia, which is expected to launch on October, 31. It also jointly operates Chi-East, an independent, non-displayed liquidity pool in
Singapore, through a 50:50 joint venture with a subsidiary of the Singapore Exchange, and has developed the
Chi-FX product in a venture with BM&FBOVESPA, which is scheduled for commercial launch in Brazil early next year.